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Exploration & Production

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LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Exploration & Production

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM), the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (L

about 5 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Exploration & Production

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.

about 5 months ago
Arcius Energy signed the Harmattan scope execution contract with its partners, PhPC and ENPPI, witnessed by its CEO, Egyptian Natural Gas Holding Company (EGAS), BP and XRG, underscoring strong collab
Exploration & Production

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.

about 5 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Exploration & Production

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil.

about 5 months ago
Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin
Exploration & Production

Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin

Norway’s Shearwater GeoServices and Australia-headquartered Searcher have completed this season’s multi-client 3D seismic acquisition campaign in Brazil’s Pelotas Basin. This Phase Three contributed an additional 7,500 km2 of high-quality 3D data, building on the 9,500 km2 previously acquired, bring

about 5 months ago
SSV Victoria rig; Source: Ventura Offshore
Exploration & Production

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling playe

about 5 months ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Exploration & Production

Another 20-year LNG offtake lands in Mexican project’s bag

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has struck a multi-year liquefied natural gas (LNG) supply deal with Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance,

about 5 months ago
Elba LNG terminal; Source: Kinder Morgan
Exploration & Production

Green light for more US LNG to non-free trade agreement countries

Southern LNG Company, a subsidiary of the North American energy infrastructure player Kinder Morgan, has received the go-ahead for additional exports of liquefied natural gas (LNG) from a terminal in Chatham County, Georgia.

about 5 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Exploration & Production

Mediterranean gas field back online after shutdown due to regional safety woes

Chevron Mediterranean Limited (CML), a subsidiary of U.S.-headquartered Chevron, and its partners have resumed gas production from a giant natural gas project off the coast of Israel.

about 5 months ago
Offshore rig
Exploration & Production

Rig gigs with Petrobras bring Constellation $1.1 billion in additional backlog

Constellation Oil Services, a Brazilian drilling contractor, has augmented its contract backlog thanks to extensions of drilling assignments for three rigs with Brazil’s state-owned energy giant Petrobras.

about 5 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Exploration & Production

Borr Drilling’s rig quartet lines up work in four corners of the world

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.

about 5 months ago
Noble Globetrotter I drillship; Source: Noble
Exploration & Production

No ‘significant’ gas volumes in Black Sea exploration well

OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria.

about 5 months ago
Illustration; Source: BOEM
Exploration & Production

US portrays offshore leasing and planning as ‘critical’ to historic oil output highs

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has spotlighted the role offshore leasing and planning play in driving record oil production on the U.S. Outer Continental Shelf (OCS).

about 5 months ago
Illustration; Source: Petronas
Exploration & Production

Trio picks up new production sharing contract in Peninsular Malaysia

A new production sharing contract (PSC) for an asset off the coast of Malaysia has been awarded to Medco Asia Pacific, a wholly-owned subsidiary of Indonesia’s PT Medco Energi Internasional (MedcoEnergi), Dialog Resources, and EnQuest Petroleum Production Malaysia, a subsidiary of London Stock Excha

about 5 months ago
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